Turbo Energy, S.A. (NASDAQ:TURB) Sees Large Decrease in Short Interest

Turbo Energy, S.A. (NASDAQ:TURBGet Free Report) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 283,517 shares, a decline of 55.2% from the July 30th total of 633,512 shares. Based on an average daily volume of 327,652 shares, the days-to-cover ratio is currently 0.9 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Turbo Energy from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Check Out Our Latest Stock Report on TURB

Hedge Funds Weigh In On Turbo Energy

An institutional investor recently raised its stake in Turbo Energy stock. SmartHarvest Portfolios LLC grew its holdings in Turbo Energy, S.A. (NASDAQ:TURBFree Report) by 411.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 111,105 shares of the company’s stock after acquiring an additional 89,364 shares during the period. SmartHarvest Portfolios LLC’s holdings in Turbo Energy were worth $297,000 as of its most recent SEC filing.

Turbo Energy Stock Up 3.7%

Shares of Turbo Energy stock traded up $0.04 during trading on Friday, hitting $1.11. 25,396 shares of the stock were exchanged, compared to its average volume of 2,592,979. Turbo Energy has a 12 month low of $0.57 and a 12 month high of $20.45. The stock’s fifty day moving average is $1.40 and its 200 day moving average is $1.66.

About Turbo Energy

(Get Free Report)

Turbo Energy, SA designs, develops, and distributes equipment for the generation, management, and storage of photovoltaic energy in Spain, rest of Europe, and internationally. The company offers lithium-ion batteries; inverters; photovoltaic modules; Go Solar, a portable photovoltaic product; and Sunbox, an AI based software system that monitors the generation, use, and management of photovoltaic energy. It is also involved in the acquisition, distribution, and sale of electrical and electronic materials for the development of renewable energy projects, such as solar panels, inverters, chargers, regulators, batteries, and structures.

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